Keefe, Bruyette & Woods Reiterates Hold Rating for HomeTrust Bancshares, Inc. (HTBI)
HomeTrust Bancshares, Inc. (NASDAQ:HTBI)‘s stock had its “hold” rating reissued by research analysts at Keefe, Bruyette & Woods in a research report issued on Tuesday. They currently have a $27.00 price target on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 4.65% from the company’s previous close.
Separately, BidaskClub cut HomeTrust Bancshares from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th.
Shares of HomeTrust Bancshares (NASDAQ HTBI) opened at 25.80 on Tuesday. The firm has a market capitalization of $484.58 million, a P/E ratio of 39.51 and a beta of 0.33. HomeTrust Bancshares has a 52 week low of $18.00 and a 52 week high of $27.05. The firm’s 50-day moving average is $24.07 and its 200-day moving average is $24.17.
HomeTrust Bancshares (NASDAQ:HTBI) last announced its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $0.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.02). HomeTrust Bancshares had a net margin of 10.31% and a return on equity of 4.50%. The company had revenue of $28.63 million for the quarter, compared to the consensus estimate of $29.53 million. Equities analysts anticipate that HomeTrust Bancshares will post $1.23 EPS for the current year.
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Several hedge funds and other institutional investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company grew its holdings in shares of HomeTrust Bancshares by 3.6% during the second quarter. The Manufacturers Life Insurance Company now owns 14,051 shares of the financial services provider’s stock worth $342,000 after purchasing an additional 488 shares in the last quarter. Moors & Cabot Inc. purchased a new position in shares of HomeTrust Bancshares during the second quarter worth about $366,000. State Street Corp grew its holdings in shares of HomeTrust Bancshares by 8.2% during the second quarter. State Street Corp now owns 337,523 shares of the financial services provider’s stock worth $8,235,000 after purchasing an additional 25,600 shares in the last quarter. Janus Henderson Group PLC purchased a new position in shares of HomeTrust Bancshares during the second quarter worth about $18,148,000. Finally, Goldman Sachs Group Inc. grew its holdings in shares of HomeTrust Bancshares by 8.5% during the second quarter. Goldman Sachs Group Inc. now owns 23,611 shares of the financial services provider’s stock worth $576,000 after purchasing an additional 1,848 shares in the last quarter. 59.78% of the stock is owned by institutional investors.
About HomeTrust Bancshares
HomeTrust Bancshares, Inc is a bank holding company of HomeTrust Bank (the Bank). The Bank’s principal business consists of attracting deposits from the public and investing those funds, along with borrowed funds, in loans secured primarily by first and second mortgages on one- to four-family residences, including home equity loans, construction and land/lot loans, commercial real estate loans, construction and development loans, commercial and industrial loans, indirect automobile, and municipal leases.
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